Firestone Diamonds (FDI) Trading Down 12.6%

Firestone Diamonds PLC (LON:FDI)’s share price dropped 12.6% on Monday . The company traded as low as GBX 2.51 ($0.03) and last traded at GBX 2.51 ($0.03). Approximately 160,984 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 241,583 shares. The stock had previously closed at GBX 2.88 ($0.04).

FDI has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “speculative buy” rating and issued a GBX 20 ($0.26) price objective on shares of Firestone Diamonds in a report on Wednesday, November 7th. Berenberg Bank restated a “sell” rating on shares of Firestone Diamonds in a report on Monday.

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Firestone Diamonds plc mines, explores for, and develops diamond properties in Lesotho and Botswana. Its flagship asset is the Liqhobong diamond mine located in Lesotho Highlands. The company was incorporated in 1998 and is based in London, the United Kingdom.